REGISTERED NUMBER: 07265531 (England and Wales)

RECUR GLOBAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M J Hathorn

Mrs E L Hathorn

REGISTERED OFFICE:

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

REGISTERED NUMBER:

07265531 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Tangible assets

5

2,717

1,829

CURRENT ASSETS

Debtors

6

164,938

95,145

Cash at bank

34,977

77,094

199,915

172,239

CREDITORS

Amounts falling due within one year

7

60,813

35,396

NET CURRENT ASSETS

139,102

136,843

TOTAL ASSETS LESS CURRENT LIABILITIES

141,819

138,672

CREDITORS

Amounts falling due after more than one year

8

2,237

11,792

NET ASSETS

139,582

126,880

CAPITAL AND RESERVES

Called up, paid and allotted share capital

100

100

Retained earnings

139,482

126,780

SHAREHOLDERS' FUNDS

139,582

126,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

M J Hathorn - Director

1.	STATUTORY INFORMATION

Recur Global Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Income recognition

Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

50% on cost

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

2,199

Additions

3,062

At 31 March 2025

5,261

DEPRECIATION

At 1 April 2024

370

Charge for year

2,174

At 31 March 2025

2,544

NET BOOK VALUE

At 31 March 2025

2,717

At 31 March 2024

1,829

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

124,376

67,262

Amounts owed by group undertakings

24,079

27,204

Other debtors

16,483

679

164,938

95,145

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,648

Trade creditors

25,465

19,752

Taxation and social security

8,184

2,684

Other creditors

17,164

2,312

60,813

35,396

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,237

11,792

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2025 and the period ended 31 March 2024:

2025

2024

£

£

M J Hathorn

Balance outstanding at start of year

-

-

Amounts advanced

8,578

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,578

-

10.	RELATED PARTY DISCLOSURES

1. One of the directors operates a loan account with the company which is interest free and repayable on demand. Transactions of which can be found in the table above.

2. During the year, Visage St Albans Ltd, a company within the group, repaid brought forward loans in aggregate of £5,211 which are interest free and repayable on demand. The amount due at the year end was £19,975.

3. During the year, Visage Harpenden Ltd, a company within the group, repaid brought forward loans in aggregate of £4 which are interest free and repayable on demand. The amount due at the year end was £1,017.

4. During the year, Recur Services Ltd, a company within the group, were provided additional loans in aggregate of £2,090 which are interest free and repayable on demand. The amount due at the year end was £3,087.